Bethany Crawford
Quickbooks Set-Up Question
Hi crew,
I'm getting started with Quickbooks Online, and I want to set up my chart of accounts properly. How would you advise categorizing the rent payments received for my first residential rental properties (2 sep...
Tina Chau
Asset protection LLCs/Trust
I'm looking to make sure my LLC's are protected. I own multiple properties all have their own LLC's. But I heard someone mention that I should then own all those LLC's under another LLC and then perhaps a trust owni...
Brad Warshaw
What Liens Survive A First Mortgage Foreclosure At Auction?
What liens survive a first mortgage foreclosure? Let’s say you buy the banks lien at the foreclosure auction and you win the bid and own the property. What liens get whipped out and what liens survive?
Julia Li
STR - Optimal LLC Structure for asset protection and taking title
My husband and I are co-buying an investment property with another married couple (our friends) and are planning on using it as our vacation home (taking turns) and running it as a STR. We would like to leverage bonus...
Doreen Morawski
Install fence for deep brook running through yard?
I am turning my private home into my first rental property this summer. I have a brook running through the yard with a high bridge going over it. The bridge goes from the main yard to another section of fenced in yard...
Gary Chlastawa
Lead Certs - Springfield MA
Hello BP,I am looking to purchase my first multi family house, one of the areas I'm considering is Springfield, MA. So of coarse now I know lots of horrible information about lead. https://springfieldhealthyhomes.or...
Michele Fischer
Subpeona from the state for rental paperwork
We've received, via registered mail, a subpoena from the Division of Child Support to provide any and all records related to one of our tenants. In calling to clarify, they are asking for a copy of the application, r...
Stephen Artzerounian
LLC Structure Questions
Hi all,So I am starting an LLC with two partners for rental property purposes and feel like I am over thinking the structure.We will be investing in Connecticut and Pennsylvania my first thought is to use the parent-s...
Wilson Rith
Just bought a duplex, next move?
I just put 20% down and closed on a duplex last week. The plan was to rebuild my savings and buy a single family home in 3 to 5 years, and have our main unit in the duplex cover the mortgage of the future SFH. Than b...
Account Closed
New landlord seeking any bit of help
Hello and happy new year,I just closed on my first 3-plex today. Here are some high-level description and concerns about the property:-The property is fully rented by the same tenants for the past 5 years. -Tenants...